Directors dealings: Homeserve's Fitzmaurice buys into US expansion plans
Homeserve
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Homeserve's Edward Fitzmaurice made the most of the comapny's latest placing, to fund its expansion into the American market, to buy into the shares.
FTSE 250
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FTSE All-Share
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Support Services
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On 19 October, the recently-appointed non-executive director bought 781,000 shares at an individual price of 820p - or 0.24% of the group's equity - for a total transaction amount of roughly £6.40m.
That same day, the home repairs and improvements business announced that it would acquire some of the trade and assets of US-based Dominion Products and Services, referencing an enterprise value for the transaction of $143m.
With a view to funding the purchase, Homeserve said it would place 5% of its share capital for a £125m in proceeds.
It also provided a trading update for the five months to 30 September, telling shareholders that it had a "strong" performance in the first half of the year with the board expressing "confidence" in its ability to deliver further strong growth for the full year.
Fitzmaurice, who served as non-executive chairman of estate agent Hastings until October 2015, joined Homeserve earlier in May 2017.
To take note of, the placing was carried out with the stock trading just shy of its 52-week highs.
Top Director Buys
Homeserve (HSV)
Director name: Fitzmaurice,Edward
Amount purchased: 781,000 @ 820.00p
Value: £6,404,199.85
Hargreaves Services (HSP)
Director name: Samuel,John
Amount purchased: 28,000 @ 350.39p
Value: £98,109.20
Convatec Group (CTEC)
Director name: Gent,Christopher
Amount purchased: 38,889 @ 213.00p
Value: £82,833.57
Low & Bonar (LWB)
Director name: Powell,Mike
Amount purchased: 14,000 @ 70.90p
Value: £9,925.44
Totally (TLY)
Director name: Holt,Robert (Bob)
Amount purchased: 20,000 @ 46.36p
Value: £9,272.00
Bluejay Mining (JAY)
Director name: Waugh,Peter
Amount purchased: 40,385 @ 18.42p
Value: £7,438.92
Lloyds Banking Group (LLOY)
Director name: Horta-Osorio,Antonio
Amount purchased: 4,837 @ 66.19p
Value: £3,201.61
Personal Assets Trust (PNL)
Director name: Angus,Robin John
Amount purchased: 6 @ 40,970.00p
Value: £2,458.20
Personal Assets Trust (PNL)
Director name: Angus,Robin John
Amount purchased: 4 @ 40,970.00p
Value: £1,638.80
Personal Assets Trust (PNL)
Director name: Angus,Robin John
Amount purchased: 4 @ 40,945.00p
Value: £1,637.80
Personal Assets Trust (PNL)
Director name: Angus,Robin John
Amount purchased: 4 @ 40,945.00p
Value: £1,637.80
Personal Assets Trust (PNL)
Director name: Angus,Robin John
Amount purchased: 1 @ 40,865.00p
Value: £408.65
Rio Tinto (RIO)
Director name: Jacques,Jean-Sébastien
Amount purchased: 10 @ 3,720.59p
Value: £372.06
Rio Tinto (RIO)
Director name: Lynch,Christopher
Amount purchased: 10 @ 3,720.59p
Value: £372.06
Rio Tinto (RIO)
Director name: Jacques,Jean-Sébastien
Amount purchased: 10 @ 3,720.59p
Value: £372.06
Rio Tinto (RIO)
Director name: Lynch,Christopher
Amount purchased: 10 @ 3,720.59p
Value: £372.06
Kier Group (KIE)
Director name: Turner,Nigel
Amount purchased: 14 @ 1,114.00p
Value: £155.96
Kier Group (KIE)
Director name: Raven ,Hugh
Amount purchased: 14 @ 1,114.00p
Value: £155.96
Kier Group (KIE)
Director name: Brook,Nigel
Amount purchased: 14 @ 1,114.00p
Value: £155.96
Kier Group (KIE)
Director name: Veritiero,Claudio
Amount purchased: 14 @ 1,114.00p
Value: £155.96
Centaur Media (CAU)
Director name: Mukerji,Swagatam
Amount purchased: 271 @ 55.47p
Value: £150.32
Centaur Media (CAU)
Director name: Vidler ,Andria
Amount purchased: 270 @ 55.47p
Value: £149.77
Kier Group (KIE)
Director name: Dew ,Bev
Amount purchased: 13 @ 1,114.00p
Value: £144.82
Kier Group (KIE)
Director name: Mursell,Haydn
Amount purchased: 12 @ 1,114.00p
Value: £133.68
Schroder Asia Pacific Fund (SDP)
Director name: Morgan,Rosemary
Amount purchased: 22 @ 378.00p
Value: £83.16
Top Director Sells
Gocompare.com Group (GOCO)
Director name: Wood,Peter
Amount sold: 21,334,672 @ 100.00p
Value: £21,334,672.00
Air Partner (AIR)
Director name: Briffa,Mark
Amount sold: 179,935 @ 132.46p
Value: £238,341.90
Jardine Matheson Holdings Ltd (singapore Reg) (JAR)
Director name: Weatherall,E P K
Amount sold: 1,200 @ $66.55
Value: $79,860.00
Ferrexpo (FXPO)
Director name: Baring,Oliver A G
Amount sold: 6,000 @ 277.25p
Value: £16,635.00